Category: Business
Asset concession will generate N185.2bn revenue in 2023 – ICRC
The Director-General of the Infrastructure Concession Regulatory Commission, Michael Ohiani, says concessions of various assets will generate revenue N185.2bn to the treasury account of the…
World Bank approves fresh $700m loan for Nigeria
The World Bank has approved a fresh $700m loan for Nigeria to enhance adolescent girls’ learning and empowerment. It disclosed this in a statement published…
CBN Confirms Emefiele’s Resignation As Cardoso Assumes Office
The Central Bank of Nigeria (CBN) has confirmed the resignation of Mr Godwin Emefiele as its governor, three months after being suspended from office by President…
Dangote refinery to start petrol refining November – Official
Dangote Refinery is set to begin refining petrol by November 30, 2023, and diesel and jet fuel operations by October 2023, the group’s executive director…
Elon Musk suggests X will charge “small monthly fee” for all users
Elon Musk is looking to charge users of X (formerly Twitter) a monthly subscription fee to combat bots and generate revenue. He made this known during a…
BUA intends to slash cement price to N3,500, says Rabiu after meeting Tinubu
Abdul Samad Rabiu, chairman of BUA Group, says his company intends to reduce the price of cement in the country. The BUA founder said the…
Nigeria’s debt jumps by 75% in three months, hits N87tn
The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of 2023. The figure represents an…
PENGASSAN reacts as Dangote refinery misses production deadline
The 650,000 barrels per day Dangote Refinery is yet to begin production after the August commencement date, earlier announced by the President, Dangote Group, Aliko…
FG delists 37 illegal loan apps
The number of delisted loan apps rose from nine to 37, according to the Federal Competition and Consumer Protection Commission’s new report. The number of…
Tinubu invited by US Chambers of Commerce to ring NASDAQ closing bell
The United States Chamber of Commerce has invited President Bola Ahmed Tinubu to ring the closing bell of the National Association of Securities Dealers Automated…

